Maryland-based Kingspan Energy, a subsidiary of Ireland-based Kingspan Group PLC, has acquired American Solar & Alternative Power LLC (ASAP) of Stamford, Conn.
The deal represents the first acquisition by Kingspan Energy in the U.S. and is intended to bolster the company's sales, marketing and project development presence in New England and the New York tri-state area.
‘Joining Kingspan Energy enables the ASAP team to do what we do best, just on a bigger scale, with better access to project financing and a larger marketing presence,’ says Elliot Isban, president of ASAP. ‘With our focus on commercial rooftop solar and the ongoing expansion of that market segment, we feel very positive about the future.’
